You can do that for 1/3 the price. And besides, if all you got is nice looking clothes and nothing else you still won't get very far. You can also forget the "social climbing" because everyone in the top groups have expensive clothes and you would easily be rumbled as a poseur notwithstanding the clothes.

If one has "made it" to the top groups, on probably has found his way through something more substantial than access to a competent tailor.

That's the way a kid thinks. Now, I'm not saying that you should live like a miser and save every penny, that wouldn't be really living but there must be a balance.Let's say that you have $5k leftover at the end of the year after paying expenses.Spending it all on clothes is ridiculous.

Quote:

Originally Posted by Quadcammer

Well yes and no. There is also savings to consider. Back when I made $50k, I know that I would have much rather saved an additional $1000 rather than buy a needless $1,500 suit over a perfectly acceptable $500 suit.

Quote:

Originally Posted by Melanzana

That's the way a kid thinks. Now, I'm not saying that you should live like a miser and save every penny, that wouldn't be really living but there must be a balance.Let's say that you have $5k leftover at the end of the year after paying expenses.Spending it all on clothes is ridiculous.

Let me clarify myself. Basically anything after your expenses and savings is the money you can use. I considered savings an expense, but I see how that was misinterpreted.

This is a weird post. I agree with the first few lines and the under 50k group. I have seldom seen anyone independent earning under 50k in anything but the $99 rayon special from JC Penney. However, a $1000 is hardly an extravagance to someone earning over $75k and living well within their means. The cost of living does not increase in a precisely linear fashion. Ex, my grandfather has 100 times the cash assets and 10 times the property assets of my mother but 3 times the necessary expenses (food, utilities, taxes).

This is a weird post. I agree with the first few lines and the under 50k group. I have seldom seen anyone independent earning under 50k in anything but the $99 rayon special from JC Penney. However, a $1000 is hardly an extravagance to someone earning over $75k and living well within their means. The cost of living does not increase in a precisely linear fashion. Ex, my grandfather has 100 times the cash assets and 10 times the property assets of my mother but 3 times the necessary expenses (food, utilities, taxes).

Agreed, +3 to the outlandishness of this post. Renter? What about the city dwellers, where property ownership is impractical or unattainable for whatever circumstance? Your rash generalizations are hilarious.